PetroNeft Successfully Completes Arbuzovskoye Well

Printer Friendly Version
Email this Page

PetroNeft Resources reported Friday that it has successfully completed its Arbuzovskoye well 112 on Licence 61 in the Tomsk Oblast, Russia, while well 105 is currently drilling ahead.

PetroNeft said there was no water production associated with well 112, which had an initial flow rate of 140 barrels of oil per day. The well is currently shut in for pressure build-up testing.

Production from two Arbuzovskoye wells has been temporarily reduced by around 300 bopd due to mechanical issues, but the firm expects this will be fixed by work over or pressure maintenance.

PetroNeft added that total production on the license is running at 2,600 bopd – which excludes the 400-plus bopd potential from well 112 and the two mechanically-reduced Arbuzovskoye.

PetroNeft Resources CEO Dennis Francis commented in a statement:

"The initial flow rate on well 112 is encouraging and the fact that there is no water production bodes well. We continue to delineate the field and hope to alleviate the issues with the two Arbuzovskoye wells in the coming weeks. We also look forward to completing further wells in Arbuzovskoye and implementing the planned pressure maintenance programme over the coming months."
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  First Production Flows at Bukit Tua Fi... (May 22)
 -  BG Group, Prosafe Agree New Program fo... (May 22)
 -  Mosman Hits Stumbling Block at Petrole... (May 22)
 -  Statoil Comes up Dry at 2 Norwegian Se... (May 22)
 -  Unite Joins GMB in Calling for North S... (May 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Reservoir Engineer
Expertise: Petroleum Engineering|Reservoir Engineering
Location: Houston, TX
 
Rentals & Asset Manager - Surface & Frac
Expertise: Asset Management|Operations Management|Subsea Engineering|Technical Sales
Location: Houston, 
 
Territory Sales Manager - Subsea Wellheads
Expertise: Sales & Marketing|Subsea Engineering|Technical Sales
Location: Houston, 
 
search for more jobs

Brent Crude Oil : $66.54/BBL 2.32%
Light Crude Oil : $60.72/BBL 2.95%
Natural Gas : $2.95/MMBtu 1.02%
Updated in last 24 hours